Hawaii Attorney General Weighs in on Net Neutrality
The FCC's decision is receiving a lot of backlash after repealing the net neutrality regulations. Doug Chin, Attorney General of Hawaii, joined us to share why he and 22 other state attorney generals filed a lawsuit to block the move.
Chin weighs in on what he thinks the Trump administration is ignoring with the repeal of net neutrality. The argument from Hawaii is that the rollback is “arbitrary and capricious” and goes against longstanding policy of the FCC. He says the big issue for Hawaii is they depend on internet for information since they are geographically isolated. In terms of free flow of information, he doesn’t believe it reflects the American way.
The attorney general also discusses the impact of marijuana regulations. He says the big issue is that most banks are not willing to accept money because of federal regulations preventing them from taking on the risk. This results in a cash-only grey market that makes the industry difficult to regulate, says Chin.
New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday.
Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse to borrow up to 50 billion francs ($54 billion) failed to reassure investors and the bank’s customers.
Companies continue to announce fresh rounds of layoffs and hiring freezes so far this year. Teresa Lusk, life coach, joined Cheddar News to discuss what you can do to protect your job.
Michele Schneider, partner and director of trading research & education for MarketGauge.com, joined Cheddar News to discuss the market after stocks closed lower again as banking concerns continue.
Immi is an Asian-American food brand that makes the world's first low-carb, high-protein and fully plant-based instant ramen. Kevin Lee, co-founder of immi, joined Cheddar News to discuss the company, which is backed by tennis superstar Naomi Osaka, R&B singer Usher and speed skater Apolo Ohno.